About 1,800 property owners in Nashville have applied for tax reductions due to flood damage. Tuesday is the last day to ask for the tax break.
Tax relief is available on a sliding scale for any property that was substantially damaged in May’s flooding. Specifically, a building had to be destroyed, uninhabitable for at least a month, or so damaged that it lost half its value. Businesses can also seek relief from the tangible property tax that covers things like equipment and tools.
Applications are being handled by the tax assessors in each county, who then determine the extent of the damage and how much of a reduction should apply.